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Daegu TP opened an online IR center to help local venture startups

According to Yonhap News,

Daegu Technopark (Daegu TP) said on Dec 29, 2020 the city government runs what’s called ‘Daegu Online IR Center’ (hereinafter referred to as ‘IR center’ or ‘the center’ for short), designed to help local venture startups struggling for pooling funds to run business in emerging industries.

TP said the center hosts an online investment pitch event once a month. On Dec 28, 2020 when the center launched its service, five startups developing smart solutions, bio –medical technologies pitched to six venture capitalists based near Seoul city.

The IR center will also join a dozen fund raising campaigns to channel as much as KRW 50 billion to local venture startups.

Head of the center said “We’ll make an all-out effort to give businesses running out of cash a leg up.

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Source: Yonhap News (Dec 29, 2020)

** This article was translated from Korean.